A lot of people don’t realise just how important it is to negotiate a contract before you sign it. In fact, it’s incredible how many people just accept the contract they’re given without any negotiations at all. And really, this isn’t the right thing to do.
If you’re not sure how to go about negotiating a new employment contract, I’d highly recommend getting in touch with your local employment lawyer to ensure you’re doing the right thing. There are numerous benefits associated with contract negotiation, and it’s always something to consider. Here’s why:
Contract Negotiation Will Ensure You’re Getting a Good Deal
Unfortunately, a lot of people enter contract negotiations with the sole aim of gaining a higher pay rate. However, there’s so much more to think about than simple money. Make sure you take the following into account to ensure you’re getting a good deal:
- Sick and holiday leave, as well as the conditions attached to each.
- Contract termination conditions to ensure you’re protected in the case of unfair dismissal.
- Overtime and penalty rates.
- Bonuses for exceptional performance or exceeding performance targets.
There are other things to consider, but these will vary according to the industry you’re working in. For example, if you work in construction, you might negotiate a clause that requires your employer to pay for certain tools or PPE.
Negotiating Your Contract Will Show You Care
In reality, your new employer will expect you to negotiate your new contract on at least some level. Showing that you care enough about your job to spend time and money on your contract will show your employer that you really care, and should help you get a better long-term deal.
Negotiating Will Help You Understand Your Contract Better
Signing a contract blindly without at least reading through the fine-print carefully can be very dangerous. Even if you decide you don’t want to enter into contract negotiations, you should still spend some time with your employment lawyer working through every word to ensure you understand it.
In all honesty, the best way to ensure you understand every single part of your new contract is to negotiate it. If you’re going to start contract negotiations, you will have to understand everything – even if it takes some time to do!
Contract Negotiations Could Result in Higher Pay
Okay, I know I said you shouldn’t enter into contract negotiations with the sole aim of getting a better salary. However, this is still a very important consideration. If you do want to negotiate higher pay, you will need to be able to provide some proof that you’re worth paying more. Speak with your lawyer and spend some time developing a clear action plan.
Although you may not realise it, contract negotiations are extremely important and are something you should always take seriously. We’d highly recommend first spending some time reading through the proposed contract and note things you want to bring up. Speak with your employment lawyer if you need advice, and don’t be afraid to stand your ground if your employer isn’t willing to meet your demands.